Posts Tagged ‘financial independence’
“Die with Zero” by Bill Perkins: Millionaires Only, Please!
Bill Perkins’ Die with Zero presents a bold idea: spend your money in ways that maximize life’s experiences instead of hoarding wealth for an uncertain future. While the book contains nuggets of wisdom for certain audiences, it falls short for others, particularly those early in their financial independence journeys. Let’s break it down into what works, what…
Read MoreThe Early Retirement Withdrawal Strategy to Optimize Your Income
Retiring early is an exciting milestone, but ensuring your savings last requires a well-thought-out early retirement withdrawal strategy. By leveraging tax-efficient withdrawals, managing gap years, and strategically planning Social Security benefits, you can create a sustainable income stream that meets your lifestyle needs while preserving your wealth. After years of diligent accumulation, many early retirees wonder, How…
Read MoreThe Perfect Passive Portfolio for Early Retirement
Achieving financial independence and retiring early (FIRE) is an exciting goal, but it requires careful planning to ensure long-term financial stability. For those just starting on this path, creating a passive portfolio—one that grows with minimal effort—is a proven way to meet financial independence goals. In a recent episode of the Forget About Money podcast, Sean Mullaney,…
Read MoreRetirement Lifestyle: Building a Meaningful Life After Work
Retirement marks a significant milestone—a time to shift from work to freedom, from stress to purpose, and from accumulation to enjoyment. However, many people approaching retirement have lingering questions: What will I do all day? Will I have enough money? What happens to my social life? These concerns are natural and valid. In this post, we’ll explore…
Read MoreEnough Money to Retire and Enough Money to Die
The Two Phases of “Enough Money” in Financial Independence What is enough money? In the pursuit of financial independence (FI), this question arises frequently. Many think of it as a single milestone—the moment you reach a specific savings threshold, like the 25x rule or following the 4% withdrawal rate. But once you’ve accumulated enough money to…
Read MoreWhy is Money Important?
Money: it’s a subject everyone thinks about, yet few discuss openly. Why is money important? On the surface, it might seem like a means to afford what you need or want, but in reality, money goes beyond materialistic perspective. It impacts relationships, stress levels, career choices, health, and freedom. Financial stability shapes lives in profound…
Read MoreThe Mount Rushmore of Financial Independence: Icons, Community, and Inspiration
What if the Financial Independence (FI) movement had its own Mount Rushmore? In a lively discussion on the Forget About Money Podcast, the hosts, David and Carla, imagined their personal versions of this iconic monument. They revealed their top picks for the most influential figures in FI, explored the criteria behind their choices, and discussed how these…
Read MoreToo Expensive: 9 Everyday Items We’ve Stopped Buying and Affordable Alternatives
With rising prices affecting nearly everything we buy, many people are rethinking their spending habits to With rising prices impacting nearly everything, many are rethinking spending habits to cope with the rising cost of living in 2024. Groceries, dining out, and daily essentials are all climbing, making some items feel simply too expensive to justify—things we once added…
Read MoreCareer Breaks: Discover the Power of a Life-Changing Pause
In today’s fast-paced world, the concept of taking a step back from work has gained significant traction. More people are choosing to take career breaks, sabbaticals, and gap years to recharge, reassess, and return to their careers with a renewed sense of purpose. But what exactly is a career break? How does it differ from a sabbatical…
Read MoreHow to Achieve a Happy Retirement: Insights from Christine Benz
Retirement is a significant transition, and for many, it’s a time to shift from years of accumulation to a phase where life can be enjoyed to its fullest. Christine Benz, Director of Personal Finance at Morningstar and author of How to Retire: Lessons from 20 Retirement Thought Leaders, offers a fresh perspective on what it takes…
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